Tips for Selling your Gold and Jewellery

gold jewellery

Image by LoulasBoutique via Flickr

There are times when we can all do with some cash to pay off debts, buy that new gadget, or go away on holiday. Sometimes, we just do not have the cash available. We either have to do without money or find a way to get the cash. We all have lots of things laying around that we do not use anymore and could get cash for selling. Often, these are worth less than the original value, so you may need to sell quite a lot to make any serious money. If you have gold or jewellery that you do not wear, then you could get some quick and easy cash for this. There are a number of venues where you can do this.

  • Pawn Shops
  • Social Media
  • Gold Buyers
  • Jewellery Stores
  • Antique Dealers
  • Classifieds
  • Auction Sites

Pawn Shop

This is a more traditional way to get cash for our precious or useful items. You can both sell your gold and jewellery to the pawn shop and negotiate a fair price with them. Or you can pawn your gold to them and lend money against your gold or jewellery. If you pawn your jewellery, you may borrow money against the items, and you will have to return on an agreed date and pay back the money lent, with interest. This can be handy if you just need a short-term loan, but you do stand to lose your jewellery if you fail to pay back the money in time. You can easily get cash for gold in Melbourne as there are plenty of pawn shops all over the city.

Social Media

Social media is a relatively new way of selling goods, and websites such as Facebook have thousands of pages set up which are dedicated to buying and selling of goods in your local area. Some of these pages have thousands of followers, so when you post an advert, you can reach a large audience very quickly. This can be a great way to sell gold or jewellery fast and turn that unwanted jewellery into easy cash.

Gold Buyers

You will be able to find dedicated stores to buying gold as well as other precious and semi-precious stones and metals. When you sell jewellery to these types of stores, you will most likely only be getting the scrap market value of the metals and stones. As with pawn shops, this can be a quick and easy way to raise some much needed funds.

Jewellery Stores and Antique Stores

jewellery shop

Image by tsmithucalgary via Flickr

If you sell your gold jewellery to a jewellery store or antique store, then you have a much better chance of getting a higher price for your jewellery. As well as taking into account the weight of metals and any other precious elements, they will also take into account the aesthetic and historical value of the jewellery. If it can be easily sold for a good profit, then they may give you a much higher price than the scrap value.

Classified and Auction Sites

Although printed media is not a popular as it once was, you can still usually advertise free of charge in your local newspaper. There are also many websites online which you can advertise freely as well as many auction sites where you can auction off your jewellery to the highest bidder. If you do no put a reserve on the price, you could end up selling it for less than its value, and you also do have to be very careful with fraud when dealing with the internet. It is also not always quick, as many auctions will go on for a week, or more. You may be able to get a good price for your gold or jewellery using this method, but make sure that discretion is always used, and if arranging to meet someone to deliver, meet in a public place and take someone with you. So how are you going to sell your gold jewellery so that you can go on that much needed beach holiday?